§ Mr. Newtonasked the Chancellor of the Exchequer what loss of revenue would result from exempting from liability to investment income surcharge, (1) all investment income between £1,000 and £2,000 and (2) all investment income between £1,000 and £3,000.
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 3rd May 1976; Vol. 910, c. 260], gave the following information:
For 1976–77 the estimated costs would be about (1) £40 million and (2) £90 million.
§ Mr. Newtonasked the Chancellor of the Exchequer what loss of revenue would result from exempting those over 65 years of age from liability to investment income surcharge, (1) on investment income between £1,500 and £2,500, (2) on investment income between £1,500 and £3,000 and (3) on all investment income above £1,500.
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 3rd May 1976; Vol. 910, c. 260], gave the following information:
For 1976–77 the estimated costs would be about (1) £25 million, (2) £40 million and (3) £105 million.